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ADBE Adobe Inc

481.70
-1.73 (-0.36%)
Last Updated: 14:54:25
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adobe Inc NASDAQ:ADBE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.73 -0.36% 481.70 481.42 481.93 483.285 478.32 483.00 213,209 14:54:25

Adobe's $20 Billion Purchase of Figma Would Harm Innovation, UK Regulator Provisionally Finds

28/11/2023 12:39pm

Dow Jones News


Adobe (NASDAQ:ADBE)
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By Joe Hoppe

 

The U.K. Competition and Markets Authority said it has provisionally found Adobe's planned $20 billion acquisition of collaboration-software company Figma would likely harm innovation for software used by the vast majority of U.K. digital designers.

The regulator said Tuesday that, following a detailed Phase 2 investigation, it provisionally found the deal would eliminate competition between two main competitors in product-design software, reduce innovation and the development of new competitive products, and remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

November 28, 2023 07:24 ET (12:24 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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